The United States' top five investment banks are expected to record a four-and-a-half-year increase in their fee revenue in the second quarter

According to Bloomberg, the five major investment banks in the United States are expected to generate $11.1 billion in business fees in the second quarter of 2026, a 27 per cent increase over the same period, up from 2021. SpaceX IPO contributed approximately $500 million in fees to 23 underwriting houses, of which Goldman Sachs and Morgan Stanley each earned about $100 million. In addition, the M&A transaction fees of the five major investment banks are expected to increase by about 30 per cent over the same period, exceeding $4 billion. Financial Times reports that the listing of large technology enterprises such as SpaceX, OpenAI and Anthropic has contributed to the growth of Wall Street's business。